STAND. COM. REP. NO. I Uoo
Honolulu, Hawaii
APR 0 2 2025
RE: S.C.R. No. 155
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Sir:
Your Committee on Commerce and Consumer Protection, to which
was referred S.C.R. No. 155 entitled:
"SENATE CONCURRENT RESOLUTION REQUESTING THE INSURANCE
COMMISSIONER TO PRODUCE A DETAILED REPORT REGARDING THE STATE
OF THE PRIVATE PROPERTY INSURANCE INDUSTRY IN HAWAI'I,"
begs leave to report as follows:
The purpose and intent of this measure is to request the
Insurance Commissioner to produce a detailed report regarding the
state of the private property insurance industry in Hawaii.
Your Committee received testimony in support of this measure
from one individual.
Your Committee received comments on this measure from the
Department of Commerce and Consumer Affairs.
Your Committee finds that there has been an increase in the
number of natural disasters in the State, including hurricanes,
wildfires, and volcanic eruptions, all of which are causing
widespread damage and financial strain on residents. Your
Committee further finds that these natural disasters have led to a
rise in insurance premiums in the State, with some insurers either
raising their rates significantly or withdrawing from the
insurance market altogether. Additionally, your Committee finds
that an effective response to address these concerns requires a
thorough understanding of the current state of the private
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insurance market in Hawaii, including the financial health of
insurers, factors contributing to the rising premiums, and the
potential impact of more insurers withdrawing from the State.
Your Committee therefore believes that this measure will help the
State prepare for the possibility of a universal withdrawal of
private insurers from the property insurance market, as well as
explore the feasibility of the State to enter the market as a
primary property insurance provider.
As affirmed by the record of votes of the members of your
Committee on Commerce and Consumer Protection that is attached to
this report, your Committee concurs with the intent and purpose of
S.C.R. No. 155 and recommends its adoption.
Respectfully submitted on
behalf of the members of the
Committee on Commerce and
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 The Senate
Thirty-Third Legislature
State of Hawai‘i
Record of Votes
Committee on Commerce and Consumer Protection
CPN
Bill / Resolution No.:* Committee Referral: Date:
SC(?iS5 ^/l/Z5
__ The Committee is reconsidering its previous decision on this measure.
If so, then the previous decision was to:___________________________________
The Recommendation is:
Pass, unamended __ Pass, with amendments __ Hold Recommit
2312 2311 2310 2313
Members Aye Aye (WR) Nay Excused
KEOHOKALOLE, Jarrett (C)
FUKUNAGA, Carol (VC)
MCKELVEY, Angus L.K.
RICHARDS, III, Herbert M. “Tim”
AWA, Brenton
TOTAL
Recommendation:
1_^ Adopted __ Not Adopted
Chair’s or Designee’s Signature:
Distribution: Yellow Pink Goldenrod
File with Committee Report Clerk's Office Drafting Agency Committee File Copy
*Only one measure per Record of Votes
Revised: 12/09/24